understanding your customers' status

Post on 20-Jun-2015

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DESCRIPTION

Customer experience analysis measures “renewal drivers” while customer status is the current state of the customer’s relationship with a company in relation to the next renewal event. Loyal customers produce anticipated revenue that increases your company’s bottom line. Knowing your customer’s status will help you to retain loyal customers by identifying where your solution brings value and how your team is relevant to their success.

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Customer Experience

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Understanding Customer Status

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What does Customer Status measure?

• Customer Experience analysis measures “renewal drivers”

• Customer statuses are

the current state of the customer’s relationship with a company in relation to the next renewal event

Understanding Customer Status Customer Experience by Primary Intelligence

Customer Status Options

Defectors Former customers using a competitor’s solution

Abandoners Former customers who have not replaced your solution

At-Risk Renewals Customers who plan on evaluating competitive solutions for the next renewal, and indicated they are not likely to do business with you again

Competitive Renewals Customers who plan on evaluating competitive solutions for the next renewal, but indicated they are likely to do business with you again

Non-Competitive Customers Customers who do not plan on evaluating competitive solutions for the next renewal

Understanding Customer Status Customer Experience by Primary Intelligence

Customer Status Decision Tree

Understanding Customer Status Customer Experience by Primary Intelligence

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